Electronic banking has made it more convenient for businesses to handle their banking, but it has also added a new series of risks to the financial equation. Businesses assume greater liability for ...

Electronic banking is the wave of the future. It provides enormous benefits to consumers in terms of the ease and cost of transactions. But it also poses new challenges for country authorities in ...

As part of the growing popularity of electronic banking, paperless money transfers are becoming the norm. According to the American Bankers Association, electronic payments now outnumber paper ...

The government stated that the proposed changes aim to ensure that evidence laws keep pace with developments in financial technology. By recognising electronic records and digital authentication ...

Electronic bank statements have virtues — saving trees, keeping your desk uncluttered — but they also have a vice: They can be easy to forget. You could instead get paper statements delivered by mail, ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Andrew Bloomenthal has 20+ years of editorial experience as a financial journalist and as a financial services marketing writer. Somer G. Anderson is CPA, doctor of accounting, and an accounting and ...

To protect customers from financial losses on account of unauthorised electronic banking transactions (EBTs), the Reserve Bank of India may ask banks to mandatorily send instant SMS alerts for all ...

To enhance protection for customers, the Reserve Bank of India has asked banks to put in place a mechanism for compensation of up to ₹25,000 for small value fraudulent electronic banking transactions ...

The legislation seeks to give electronic banking records legal validity in court while retaining safeguards on their authenticity and integrity.